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3. Compute the quality of earnings ratio and the capital expenditures ratio. (Enter your answers in numbers and not in percentages. Round the final answers to 2 decimal places.) Quality of earnings ratio Capital expenditures ratio

3. Compute the quality of earnings ratio and the capital expenditures ratio. (Enter your answers in numbers and not in percentages. Round the final answers to 2 decimal places.) Quality of earnings ratio Capital expenditures ratio

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 5E: Cash flows from operating activitiesindirect method The net income reported on the income statement...
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3. Compute the quality of earnings ratio and the capital expenditures ratio. (Enter your answers in numbers and not in percentages. Round the final answers to 2 decimal places.) Quality of earnings ratio Capital expenditures ratio
Transcribed Image Text:3. Compute the quality of earnings ratio and the capital expenditures ratio. (Enter your answers in numbers and not in percentages. Round the final answers to 2 decimal places.) Quality of earnings ratio Capital expenditures ratio
For the Year Ended December 31, 2020 Cash flows from operating activities: Net earnings Add (deduct) items not affecting cash: Decrease in accounts payable Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in wages payable Increase in income tax payable FRANK CORPORATION Statement of Cash Flows Net cash flow from operating activities Purchase of investments Purchase of machinery Cash flows from investing activities: Sale of machinery Net cash flow from investing activities Cash flows from financing activities: Borrowing on long-term note Payment of cash dividend Net cash inflow from financing activities Net increase in cash during 2020 Cash, beginning of 2020 Cash, end of 2020 47,000 (4,000) 10,200 (5,500) 9,000 (700) 2,500 12,500 (6,000) (10,000) 17,000 (11,000) $ 58,500 (3,500) 6,000 61,000 22,000 83,000
Transcribed Image Text:For the Year Ended December 31, 2020 Cash flows from operating activities: Net earnings Add (deduct) items not affecting cash: Decrease in accounts payable Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in wages payable Increase in income tax payable FRANK CORPORATION Statement of Cash Flows Net cash flow from operating activities Purchase of investments Purchase of machinery Cash flows from investing activities: Sale of machinery Net cash flow from investing activities Cash flows from financing activities: Borrowing on long-term note Payment of cash dividend Net cash inflow from financing activities Net increase in cash during 2020 Cash, beginning of 2020 Cash, end of 2020 47,000 (4,000) 10,200 (5,500) 9,000 (700) 2,500 12,500 (6,000) (10,000) 17,000 (11,000) $ 58,500 (3,500) 6,000 61,000 22,000 83,000
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